摘要: |
Together, we're going to take a journey through a series of articles that will connect all the dots and cover all things accounting in a collision repair facility. At the end of this journey, you'll be an accounting pro! One of the most valuable things to any collision repair business is ownership and management having an accurate understanding of their financial performance. This often starts with organizing all accounting to map or feed into a financial statement. There are many ways to approach this; however, for the purpose of this series, we'll discuss the benefits to the profitability of the business. In addition, we'll discuss accrual-based/GAAP vs. cash accounting methodologies while walking business owners and operators through the best and most simplistic approach to moving towards these methodologies. |